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Monitoring Performance
The process of continually reviewing and assessing the work performance of employees.
Incentive-Pay Plans
Compensation strategies designed to motivate employees by tying a portion of their pay directly to their performance or achievements.
Scanlon Plan
A type of gainsharing program that incentivizes employees to improve productivity through teamwork and sharing the cost savings.
Balanced Scorecard
A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align daily work with strategy, and prioritize projects, products, and services.
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Q64: Which of the following is a characteristic